The Timberland company reported first-quarter 2010 net income climbed 61,6% to $25.7 million, or 47 cents a share, from $15.9 million, or 27 cents, a year ago. Revenue increased 6.9% to $317.0 million compared to the prior year period, reflecting growth a
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Thule Sues Swiss Cargo Over Patent, Trademark
Thule has filed two lawsuits in US and Canadian Courts against Swiss Cargo and its parent company, GSC Technologies of Champlain, NY. The suits allege that Swiss Cargo represented Thule and Sportrack products as their own, which is a violation of U.S. and
Vail Resorts Buys Out Specialty Sports Venture
Vail Resorts Inc. agreed to purchase the remaining 30% it doesn't own to take full control of the Specialty Sports Venture group of retail stores. The retail joint-venture includes Boulder Ski Deals, Colorado Ski & Golf and Bicycle Village. Both Tom
Weyco’s Earnings Rise in Q1
Weyco Group, Inc. reported sales for the first quarter were $61.0 million, an increase of 4% from 2009 sales of $58.9 million. Net earnings for the quarter were $3.9 million, up from $2.5 million in 2009. Diluted earnings per share were 34 cents per sha
Crocs Announces Ambassador Contest
Crocs announced a promotion to search for North America's top five footwear fans to become one of Crocs Ambassadors…
Nike Debuts New U.S. Men’s National Soccer Team Home Kit
Nike Inc. unveiled the new United States Men's National Soccer Team home kit. For the first time ever the jersey is made entirely from recycled polyester, and each top is directly produced from up to eight plastic water bottles…
Nike Sued Over Milk-Crate Design
Streetwear maker Milkcrate Athletics Inc. has sued Nike Inc. because its LeBron V footwear is “confusingly similar” to its own. The lawsuit notes that Milkcrate uses a milk crate as its logo, while Nike's Zoom LeBron Soldier II has a milk-crate patte
DSW Raises 2010 Profit Outlook
DSW Inc raised its profit outlook for the full year, citing a better performance in the first quarter. DSW forecast first-quarter same-store sales growth of about 16%…
Puma Net Soars in First Quarter, Hikes FY10 Guidance
Puma reported first-quarter net income that surpassed analysts' estimates and raised its 2010 guidance…
USDA Donates $500,000 to “More Kids in the Woods”
Agriculture Secretary Tom Vilsack announced that USDA's Forest Service will contribute $500,000 in 2010 to the “More Kids in the Woods” program for projects that promote active lifestyles and connect kids to nature..
Taiwan’s Bike Exports Grow 2.3% in First Quarter
Taiwan's bicycle industry saw exports in the first quarter this year grow to US$417 million, led by gains in the UK and Eastern European markets…
Jones Apparel’s Q1 Profits Surge
Jones Apparel Group Inc.l posted a profit of $39.2 million, or 45 cents a share, up from $300,000 a year earlier. Excluding restructuring and other charges, earnings jumped to 47 cents from 28 cents a share…
Skechers Profits Soar as Q1 Revenues Catapult 44%
Skechers Inc. reported first-quarter sales jumped 43.5% to $492.8 million compared to $343.5 million in the first quarter of 2009. Operating income for the first quarter of 2010 was $81.0 million compared to $6.2 million in the first quarter of 2009…
Kobe Bryant Remains Best-Selling NBA Jersey
The Los Angeles Lakers' Kobe Bryant once again topped the NBA's list of most popular jerseys, where he has reigned as No. 1 since the start of the 2008-09 season. The list is based on sales at the NBA Store in New York City and on NBAStore.com s
Tim Tebow Best-Selling NFL Draft Jersey
Tim Tebow's No. 15 Denver Broncos jersey has sold more than any rookie since the league started tracking sales at NFLShop.com. He surpassed the record established by Jets QB Mark Sanchez after his selection at No. 5 overall last year…
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